capitalcan October 7, 2015 1 Comment

5 Most Commom Reasons Why Businesses Fail

Regardless of the business owners’ intentions, all businesses can fail. However, when someone is starting a new business, the last thing needed on one’s mind is failure. It is wrongfully said that most businesses fail during the first year. According to statistics published by the Small Business Administration (SBA), only 30% of new businesses fail during the first two years of being open, 50% fail during the first five years and 66% during the first 10. We will address some of the 5 most common reasons why small businesses and start-ups fail and how they should avoid then in order to improve their chances of success.
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